Investing in Bitcoin casinos is not bad . But I don't prefer to do such a thing. I have rarely seen people who make huge profits by investing in such things. Like if you see the ratio of people who have won and who have lost then you would see most of the people have faced losses compared to profit. It's an addiction , which would lead you to lose all your money. Even i used to bet a lot and I used to win , then I became more greedy which lead to me loosing all my money . Then I decided to quit every such thing and just earn the Normal way in which there is no risk and buying things directly from that money.
its not meant to make you a huge profit, but its moreso a way to expect a profit in the long run above all else. investing in a casino, which profits off of players playing in a -EV environment, can expect a positive EV for themselves and the investors. a year or so ago i put about 0.2 into a casino and ended up profiting around 0.025 in a month's period, all for doing nothing. could i have made much more by simply playing even 1 game? sure, but i would have run the risk of loss.
if you get 0.025 from a 0.2 investment in a month I would call it a fantastic investment!
show me a place where you can get 12.5% monthly and I will be happy to invest
usually it is not THAT profitable,but so much depends on variance and luck of the players
in the long run you are guaranteed to profit,so it can serve as a source of income
and keep you from selling bitcoins too early,HODL by investing
it was on bitvest right when it opened, and i went back and looked just now, it was over a period of about 2 months rather than 1, but still, that much over a 2 month period beats any investment you can get on wall street (as far as percentage profit vs time goes). it was very soon after the site opened though, so the initial rush of people mightve had a lot to do with it. i started a new investment there the other day, so ill be finding out soon how big an impact that surge of users had. but yes, id definitely agree theres way too much variance for a reliable rate of income to be determined off an investment on a gambling site, all you can really determine is that you're
expected to profit in the long run.
I see,bitvest is a good place to invest your money at
they had a truly epic period for investors,when one of the whales was losing on a daily basis,huge amounts of money
he had recovered some since,hence showing that investment is a longterm game,you cannot rely on short term periods of profit(or losses)
the longer your money is invested,the more chances the math kicks in and you profit
I suggest investing at least for one year and never touch the money invested